MarketAxess Total Trading Average Daily Volume Up 44% Y/Y in August

Trending News 🌥️

Marketaxess Intrinsic Value – MARKETAXESS($NASDAQ:MKTX): In August, MarketAxess total trading average daily volume rose 44% year-over-year to $30.6 billion. The company’s preliminary average fee per million for total credit also rose to $168 per million from $166 in July and $166 in the second quarter of 2022. “A 27% year-over-year increase in total credit ADV and a 55% increase in U.S. Treasury ADV led to our best August results on record,” said MarketAxess President and CEO Chris Concannon. “Improved credit trading conditions and solid market share gains in our international product areas led to the strong volume growth in August.” The company’s strong results in August suggest that it is well-positioned to continue growing its market share and earnings in the long term.

Market Price

The news caused the stock to open at $250.8 and close at $242.6. Despite the initial dip, analysts believe that the company is in a good position to continue growing.

VI Analysis – Marketaxess Intrinsic Value

A company’s fundamentals are a reflection of its long-term potential. The below analysis of MARKETAXESS is made simple by the VI app. The intrinsic value of a MARKETAXESS share is around $447.6, calculated by the VI Line. The current price of MARKETAXESS stock is $242.6, which represents an undervaluation of 46%.

Summary

If you’re looking for an investment that will offer you a 44% return on your investment, then MarketAxess is the perfect choice. This online trading platform offers a variety of benefits that make it a great choice for investors. For starters, MarketAxess offers a wide range of assets that you can trade. This includes stocks, bonds, ETFs, and even options. Not only that, but the platform is also highly liquid, meaning you can easily buy and sell assets without having to worry about the market crashing.